Browse Archives By:

Pricing, demand and a solid market can boost interest in the maple market, as it did in 2017 A combination of attractive prices and increased demand in a sophisticated marketplace can boost issuance in the maple market, Canada’s go-to arena for foreign companies and banks. After a prolonged slump since the 2007-2008 credit crisis, the market for foreign-issued bonds found its footing in the first half of 2017 and reported some its healthiest months in years. It was also a time when Canadian banks and corporations were a little less active in the domestic market than the market had been expecting – a move that coincided with certain maturities and coupon payments coming due. “With that lower domestic issuance, cash balances were beginning to build up, and as a result the maple issuers were able to step in and fill that void,” said Bradley Meiers, managing director and head of debt capital markets at HSBC Securities Canada.